AM ELEKTRO: what changed
Two financial years side by side, explained: what moved most in the balance sheet and the result, why the result rose or fell, and where the money went.
AM ELEKTRO
Largest movements
- Tangible fixed assets +€99,935
up €99,935 (+94.1%), from €106,239 to €206,175
of which Leasing and similar rights: +€54,024
- Cash +€37,295
up €37,295 (+105%), from €35,477 to €72,771
mainly Debts after one year (+€88,476) and Depreciation (+€42,861)
- Stocks and contracts +€33,830
up €33,830 (+37.1%), from €91,237 to €125,067
- Receivables within one year -€25,091
down €25,091 (-17.4%), from €143,995 to €118,904
of which Other amounts receivable: -€18,180
- Debts after one year +€88,476
new in 2025: €88,476
- Trade debts +€31,239
up €31,239 (+101%), from €31,063 to €62,302
- Current portion of long-term debt +€29,482
up €29,482 (+469%), from €6,286 to €35,768
- Other debts -€18,197
down €18,197 (-44.3%), from €41,097 to €22,900
- Reserves +€17,656
up €17,656 (+6.7%), from €264,479 to €282,135
- Gross operating margin -€105,512
down €105,512 (-26.9%), from €392,860 to €287,348
- Taxes -€30,604
down €30,604 (-67.0%), from €45,697 to €15,092
- Staff costs +€16,546
up €16,546 (+9.8%), from €169,083 to €185,629
- Depreciation +€12,906
up €12,906 (+43.1%), from €29,955 to €42,861
From the 2024 result to the 2025 result
Each bar is the change in one income-statement line, as its effect on the result: higher costs pull it down, higher income lifts it.
Derived cash bridge
Derived from the 2024 and 2025 balance sheets and the 2025 result: not a filed cash-flow statement. It shows where the money came from and went.
Every line side by side
| Line | Code | 2024 | 2025 | Change | % |
|---|---|---|---|---|---|
| Total assets | 20/58 | €377,963 | €523,090 | +€145,127 | +38.4% |
| Fixed assets | 21/28 | €106,239 | €206,175 | +€99,935 | +94.1% |
| Tangible fixed assets | 22/27 | €106,239 | €206,175 | +€99,935 | +94.1% |
| Plant, machinery and equipment | 23 | €31,102 | €32,024 | +€922 | +3.0% |
| Furniture and vehicles | 24 | €52,087 | €76,091 | +€24,004 | +46.1% |
| Leasing and similar rights | 25 | - | €54,024 | +€54,024 | |
| Other tangible fixed assets | 26 | €23,050 | €44,035 | +€20,985 | +91.0% |
| Current assets | 29/58 | €271,724 | €316,915 | +€45,191 | +16.6% |
| Stocks and contracts in progress | 3 | €91,237 | €125,067 | +€33,830 | +37.1% |
| Stocks | 30/36 | €91,237 | €125,067 | +€33,830 | +37.1% |
| Amounts receivable within one year | 40/41 | €143,995 | €118,904 | -€25,091 | -17.4% |
| Trade receivables | 40 | €110,836 | €103,926 | -€6,911 | -6.2% |
| Other amounts receivable | 41 | €33,159 | €14,979 | -€18,180 | -54.8% |
| Cash at bank and in hand | 54/58 | €35,477 | €72,771 | +€37,295 | +105% |
| Deferred charges and accrued income | 490/1 | €1,015 | €173 | -€842 | -83.0% |
| Total equity and liabilities | 10/49 | €377,963 | €523,090 | +€145,127 | +38.4% |
| Equity | 10/15 | €274,479 | €292,135 | +€17,656 | +6.4% |
| Contributions | 10/11 | €10,000 | €10,000 | = | 0.0% |
| Reserves | 13 | €264,479 | €282,135 | +€17,656 | +6.7% |
| Distributable reserves | 133 | €264,479 | €282,135 | +€17,656 | +6.7% |
| Amounts payable | 17/49 | €103,484 | €230,955 | +€127,471 | +123% |
| Amounts payable after more than one year | 17 | - | €88,476 | +€88,476 | |
| Financial debts | 170/4 | - | €88,476 | +€88,476 | |
| Amounts payable within one year | 42/48 | €103,484 | €142,479 | +€38,996 | +37.7% |
| Current portion of amounts payable after more than one year | 42 | €6,286 | €35,768 | +€29,482 | +469% |
| Trade debts | 44 | €31,063 | €62,302 | +€31,239 | +101% |
| Suppliers | 440/4 | €31,063 | €62,302 | +€31,239 | +101% |
| Taxes, remuneration and social security | 45 | €25,038 | €21,509 | -€3,529 | -14.1% |
| Taxes | 450/3 | €5,684 | €7,691 | +€2,006 | +35.3% |
| Remuneration and social security | 454/9 | €19,353 | €13,818 | -€5,535 | -28.6% |
| Other amounts payable | 47/48 | €41,097 | €22,900 | -€18,197 | -44.3% |
| Remuneration, social security and pensions | 62 | €169,083 | €185,629 | +€16,546 | +9.8% |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets | 630 | €29,955 | €42,861 | +€12,906 | +43.1% |
| Other operating charges | 640/8 | €2,201 | €2,793 | +€592 | +26.9% |
| Gross operating margin | 9900 | €392,860 | €287,348 | -€105,512 | -26.9% |
| Operating profit (loss) | 9901 | €191,620 | €56,065 | -€135,555 | -70.7% |
| Financial income | 75/76B | €4,626 | €3,535 | -€1,091 | -23.6% |
| Recurring financial income | 75 | €4,626 | €3,535 | -€1,091 | -23.6% |
| Financial charges | 65/66B | €1,078 | €3,953 | +€2,875 | +267% |
| Recurring financial charges | 65 | €1,078 | €3,953 | +€2,875 | +267% |
| Profit (loss) for the period before taxes | 9903 | €195,168 | €55,648 | -€139,520 | -71.5% |
| Income taxes | 67/77 | €45,697 | €15,092 | -€30,604 | -67.0% |
| Profit (loss) for the period | 9904 | €149,472 | €40,556 | -€108,916 | -72.9% |
| Profit (loss) for the period to be appropriated | 9905 | €149,472 | €40,556 | -€108,916 | -72.9% |
Source: filed annual accounts (NBB), financial years ended 31 December 2024 and 31 December 2025. Colour: green is a favourable move for that line, red an unfavourable one. Prepared on 21 October 2026 via checked.be.